1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tekilochka [14]
3 years ago
5

The appropriate cost accounting system to use when inventory items are produced on an assembly line is

Business
1 answer:
nika2105 [10]3 years ago
8 0

Answer:

c

Explanation:

The weighted average method is used to assign the average cost of production to a produce. Weighted average used in situations where:

Inventory items are  similar  to each other and its is  difficult to assign a cost to an individual unit of a production line.

You might be interested in
Privett Company Accounts payable $33,264 Accounts receivable 67,719 Accrued liabilities 6,039 Cash 20,980 Intangible assets 39,9
xz_007 [3.2K]

The total amount of quick assets is equal to $119,232. therefore, Option B is the correct statement.

<h3>What are Quick Assets?</h3>

Quick assets encompass cash available or current assets like accounts receivable that may be transformed to cash with minimum or no discounting.

Companies have a tendency to use the short assets to cover short-time period liabilities as they arrive up, so speedy conversion into cash (excessive liquidity) is critical.

Inventories and prepaid expenses aren't quick assets due to the fact they may be hard to transform into cash, and deep discounts are sometimes needed to do so.

The amount of quick assets is equal to Accounts receivable plus Cash plus Marketable securities.

Quick assets = $67,719 + $20,980 + $30,533

Quick assets = $119,232

Hence, the total amount of quick assets is equal to $119,232. Option B is the correct statement.

learn more about quick assets:

brainly.com/question/11209470

#SPJ1

5 0
2 years ago
Stealth bank has deposits of $300 million. it holds reserves of $20 million and has purchased government bonds worth $300 millio
ryzh [129]

First let us identify if the asset is a gain or loss. An asset is a gain if it contributes to the banks overall finance while it is a loss if it is a cost directly or indirectly.

Deposits of $300 million = Gain (+)

Reserves of $20 million = Gain (+)

<span>Purchased government bonds worth $300 million = Loss (-)         ---> This entails cost</span>

Selling bank’s loans at current market value of $600 million = Gain (+)

Therefore adding up everything to get the banks net worth:

Stealth banks net worth = $300 M + $20 M - $300 M + $600 M

<span>Stealth banks net worth = $620 million</span>

7 0
3 years ago
· Hope's contribution to her RETIREMENT plan...
Verizon [17]

Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.

<h3>What does the check say?</h3>

The check notes that Hope's retirement contribution is not included in her federal taxable income.

This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.

Find out more on retirement contributions at brainly.com/question/6806179.

3 0
2 years ago
Pork barrel projects are approved because they do what
Rina8888 [55]
The answer is that " they help politicians win support from their constituents".

Pork barrel is an illustration for the allotment of government spending for restricted activities secured exclusively or basically to convey cash to an agent's area. The utilization started in American English. In decision battles, the term is utilized as a part of deprecatory mold to assault rivals.
8 0
3 years ago
Read 2 more answers
Otto and Monica are married taxpayers who file a joint tax return. For the current tax year, they have AGI of $99,600. They have
trapecia [35]

Answer: $129480

Explanation:

Based on the information given, the amount of their AMTI will be calculated as:

AGI = $99600

Add: Excess Depreciation on Real Estate = $59760

Less: Mortgage Interest Expenses = $19920

Less : Charitable Contribution = $9960

AMTI = $129480

7 0
3 years ago
Other questions:
  • What is the difference between a command economy and a traditional economy?
    10·1 answer
  • Selected transactions for Spring-Green Lawn Care Company are listed below.
    15·1 answer
  • A company is considering buying a new piece of machinery. A 10% interest rate will be used in the computations. Two models of th
    6·1 answer
  • Assume the process of obtaining a​ driver's license is considered too long because of too few people who can administer the fina
    12·1 answer
  • Suppose you are a manager of a firm that operates in a duopoly. Recently, the state attorney general fined you and your competit
    15·1 answer
  • Jennifer and Jamie are starting a business and have asked you for advice about whether they should form a partnership, a corpora
    6·1 answer
  • Ferkil Corporation manufacturers a single product that has a selling price of $25.00 per unit. Fixed expenses total $65,000 per
    10·1 answer
  • Which spreadsheet type will determine how well a business has done over the past year?
    11·1 answer
  • During a certain four-year period, the consumer price index (CPI) increased by 30%, but during the next four-year period, it inc
    10·2 answers
  • the standards for the new galaxy phone specify 4.1 direct labor-hours per unit at $12.10 per direct labor-hour. last month 1,600
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!